Clearpool’s Evolution: Payment Financing for the Stablecoin Economy
Clearpool is expanding into Payment Financing (PayFi), a fast-growing credit vertical powering fintech payment flows via stablecoins.
As a leading decentralized credit platform, Clearpool will onboard PayFi borrowers who draw on stablecoin capital to finance real-world payment activity, including cross-border transfers and remittance services.
Clearpool is excited to introduce PayFi Vaults, a platform for whitelisted lenders to access PayFi yield opportunities. Alongside this, Clearpool will launch cpUSD, which is a permissionless, yield-bearing asset that opens pristine PayFi yields to retail users.
Payments in a High-Friction System
Traditional payment rails like international bank wires are notoriously slow and costly. For payment fintechs, their goal is to deliver the transaction in the shortest amount of time.
To bypass traditional rails, these firms like Wise hold pockets of liquidity in multiple accounts and currencies of the world. This way, once they receive money from the sender in one country, they can release another currency to the recipient in another country.
This is called prefunding, and an estimated amount of 27T is tied up in prefunding globally. This brings major capital and operational inefficiencies to payment-focused fintechs around the world, with big opportunity costs.
Stablecoins Are the Solution
With all the friction and inefficiencies captured above, stablecoins offer a compelling solution. Permissionless, near-instant, and ultra cost-efficient.
PayFi firms offer on-demand liquidity solutions, working with fintechs in the aforementioned categories to finance their payments and settlement times. Essentially, they utilize stablecoin rails to get the payment across to the desired customer. This is done by using stablecoin liquidity to send the amount to an offramping partner (dealing with both crypto and fiat) who offramps the stablecoins into the recipient’s preferred fiat currency. In this process, the PayFi firm charges an interest on the transaction. This generates a good form of interest.
Clearpool: Providing Credit to PayFi Firms
“After originating over $850+ million in stablecoin loans, Clearpool is evolving to build the credit infrastructure needed to power the trillion-dollar stablecoin payments industry,” said Jakob Kronbichler, CEO & Cofounder of Clearpool. “What many overlook is that while stablecoins settle instantly, fiat does not, forcing fintechs to front liquidity to bridge that gap. Clearpool is solving this with trusted, proven credit infrastructure, now advancing further through PayFi credit pools and cpUSD.”
Clearpool’s PayFi Vaults
Introducing the first PayFi Vaults via Port. Clearpool facilitates credit to institutional lenders specializing in short-term stablecoin-based working capital to fintech operators. This includes remittance platforms or credit card issuers that must front liquidity for every transaction.
PayFi credit is:
- Short-cycle (1–7 days)
- High velocity (repaid fast, reused faster)
- Yield-generating (double-digit APYs)
- Backed by real receivables (payment float, receivable financing, etc.)
Meet cpUSD
We’re excited to unveil cpUSD: a permissionless, yield-bearing asset backed by Clearpool’s PayFi Vaults.
Why cpUSD Delivers Superior Yield
- High Margins from Short-Term Credit
- PayFi is one of the most profitable forms of short-duration credit. Fintechs are willing to pay premium rates (1–2%) for instant access to liquidity that keeps their payment rails running. cpUSD captures this margin and translates it into competitive, sustainable yield. - High Liquidity for Redemption
- PayFi credit typically revolves within 1–7 days, enabling capital to be repaid and redeployed quickly. This high velocity makes cpUSD highly liquid and easily redeemable, while minimizing duration and interest rate risk. To top it off, its backing also includes liquid yield-bearing stablecoins as a cushion for redemption demand. - Tied to Real Demand Uncorrelated to DeFi Cycles
- cpUSD yield is powered by actual capital needs in stablecoin-settled payments from remittances to card flows. This makes cpUSD structurally uncorrelated to crypto market cycles and much closer in behavior to traditional trade finance.
How It Works
cpUSD is minted from the cpUSD Vault, with capital allocated across two core strategies:
- 75% → PayFi Vaults:
- These pools finance short-term, receivables-backed credit to institutional lenders serving real-world fintechs, such as remittance platforms and card processors. - 25% → Liquid Yield-bearing Stablecoins (e.g. cUSDX, sUSDe)
- This buffer enhances liquidity and ensures cpUSD can support fast redemptions.
Clearpool’s Advantage
Clearpool has established strong relationships with institutional capital providers who are experts in credit risk and demand institutional-grade underwriting. These allocators are actively seeking alternatives to 4–5% Treasury and 6–8% credit yields. PayFi delivers this real-world yield, offered in stablecoins and with blockchain capital efficiency.
Clearpool serves as a bridge between traditional capital and the stablecoin economy. Our compliance framework is fully prepared to support PayFi, while our Asia domicile positions us at the center of a region that generates half of global payments revenue.
To date, Clearpool has originated over $850 million in stablecoin credit, serving institutional borrowers such as Jane Street and Wintermute. Building on this foundation, we are expanding into real-world payment flows, providing receivables-backed financing to remittance and cross-border fintechs
The Road Ahead
Stablecoins are already reshaping how value moves across borders, platforms, and networks. Clearpool is building the credit layer that powers short-term liquidity, keeping the money moving.
PayFi is that capital. Clearpool is that infrastructure. cpUSD is the asset.
More information about strategic partnerships, the first fintech borrowers, and the new PayFi vaults will be released shortly.
